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ABS Marine IPO vs Mandeep Auto Industries IPO

Comparison between ABS Marine IPO and Mandeep Auto Industries IPO.

IPO Details

ABS Marine IPO is a SME Fixed Price IPO proposed to list at NSE SME while Mandeep Auto Industries IPO is a SME Fixed Price proposed to list at NSE SME.

 ABS Marine IPOMandeep Auto Industries IPO
LogoABS Marine IPO LogoMandeep Auto Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Jawa Capital Services Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Aftertrade Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of ABS Marine IPO is up to ₹90.26 Cr whereas the issue size of the Mandeep Auto Industries IPO is up to ₹23.97 Cr. The final issue price of ABS Marine IPO is ₹147.00 per share and of Mandeep Auto Industries IPO is ₹67.00 per share.

 ABS Marine IPOMandeep Auto Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹140.00 per share
Issue Price (Upper)₹147.00 per share
Issue Price (Final)₹147.00 per share₹67.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares2000 shares
Fresh Issue Size61,40,000 shares35,78,000 shares
Fresh Issue Size (Amount)up to ₹90.26 Crup to ₹23.97 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,40,000 shares35,78,000 shares
Issue Size Total (Amount)up to ₹90.26 Crup to ₹23.97 Cr

IPO Timetable

ABS Marine IPO opens on May 10, 2024, while Mandeep Auto Industries IPO opens on May 13, 2024. The closing date of ABS Marine IPO and Mandeep Auto Industries IPO is May 15, 2024, and May 15, 2024, respectively.

 ABS Marine IPOMandeep Auto Industries IPO
Anchor Bid DateMay 09, 2024
Issue OpenMay 10, 2024May 13, 2024
Issue CloseMay 15, 2024May 15, 2024
Basis Of Allotment (Tentative)May 16, 2024May 16, 2024
Initiation of Refunds (Tentative)May 17, 2024May 17, 2024
Credit of Share (Tentative)May 17, 2024May 17, 2024
Listing date (Tentative)May 21, 2024May 21, 2024
Anchor Lockin End date 1Jun 15, 2024
Anchor Lockin End date 2Aug 14, 2024

Financials & KPIs

ABS Marine IPO P/E ratio is 11.23, as compared to Mandeep Auto Industries IPO P/E ratio of 10.15.

 ABS Marine IPOMandeep Auto Industries IPO
Financials

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets18,480.9917,552.5016,663.28
Total Income13,801.8911,380.788,283.98
Profit After Tax2,355.41952.74809.43
Net Worth11,717.399,352.428,370.01
Reserves and Surplus9,917.399,351.428,369.01
Total Borrowing4,567.964,866.296,114.77
Amount in ₹ Lakhs

Mandeep Auto Industries Limited Financial Information (Restated Standalone)

Mandeep Auto Industries Limited's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,424.731,963.151,297.811,050.17
Total Income1,656.762,978.742,189.731,563.49
Profit After Tax214.93104.9164.6949.81
Net Worth820.80453.54413.61280.42
Reserves and Surplus163.81
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)86.5099.97
Promoter Shareholding (Post-Issue)63.4263.53
P/E Ratio11.2310.15
Market Cap₹360.88 Cr.₹69.26 Cr.
ROE30.15%
ROCE18.67%27.94%
Debt/Equity0.391.00
EPS₹13.09₹6.60
RoNW20.10%25.97%

Shares Offered

In the ABS Marine IPO Retail Individual Investors (RII) are offered 21,49,000 shares while in Mandeep Auto Industries IPO retail investors are offered 21,49,000 shares. Qualified Institutional Buyers (QIB) are offered 12,28,000 shares in ABS Marine IPO and in Mandeep Auto Industries IPO.

 ABS Marine IPOMandeep Auto Industries IPO
Anchor Investor Reserveration18,41,000 shares
Market Maker Reserveration4,10,000 shares1,90,000 shares
QIB12,28,000 shares
NII9,22,000 shares17,88,000 shares
RII21,49,000 shares17,90,000 shares
Employee
Others
Total61,40,000 shares35,78,000 shares

Bids Received (Subscription)

ABS Marine IPO subscribed 144.44x in total, whereas Mandeep Auto Industries IPO subscribed 77.23x.

 ABS Marine IPOMandeep Auto Industries IPO
QIB (times)109.30x
NII (times)270.94x61.54x
Big NII (times)
Small NII (times)
RII (times)110.24x90.57x
Employee (times)
Other (times)
Total (times)144.44x77.23x